EPIC RESEARCH MCX SILVER UPDATE OF 22 NOVEMBER 2017

Silver trading range for the day is 39056-39608. Silver remained supported with risk heightened as President Trump declared North Korea a state sponsor of terrorism, using more stick in dealings with Pyongyang. However, rising political uncertainty in Germany pushed the dollar to a nearly one-week high dampening demand for the precious metal. Chancellor Angela Merkel said that she would prefer new elections rather than lead a minority government after talks to form the country's next government collapsed overnight.

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